Sprout Social Inc (NASDAQ: SPT) is -49.54% lower on its value in year-to-date trading and has touched a low of $25.05 and a high of $68.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPT stock was last observed hovering at around $29.31 in the last trading session, with the day’s gains setting it 1.69%.
Currently trading at $31.00, the stock is 10.79% and 9.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 5.77% at the moment leaves the stock -23.98% off its SMA200. SPT registered -37.54% loss for a year compared to 6-month loss of 8.81%. The firm has a 50-day simple moving average (SMA 50) of $28.232 and a 200-day simple moving average (SMA200) of $40.9444.
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The stock witnessed a 9.15% gain in the last 1 month and extending the period to 3 months gives it a -2.24%, and is 17.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.86% over the week and 4.07% over the month.
Sprout Social Inc (SPT) has around 1383 employees, a market worth around $1.77B and $375.30M in sales. Fwd P/E is 44.23. Profit margin for the company is -19.60%. Distance from 52-week low is 23.74% and -54.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.85%).
The EPS is expected to grow by 229.82% this year
288.0 institutions hold shares in Sprout Social Inc (SPT), with institutional investors hold 108.81% of the company’s shares. The shares outstanding are 49.24M, and float is at 48.89M with Short Float at 10.44%. Institutions hold 106.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.68 million shares valued at $202.73 million. The investor’s holdings represent 10.0213 of the SPT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.01 million shares valued at $143.11 million to account for 7.074 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 3.81 million shares representing 6.7238 and valued at over $136.02 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.7197 of the shares totaling 3.24 million with a market value of $115.71 million.
Sprout Social Inc (SPT) Insider Activity
The most recent transaction is an insider sale by Del Preto Joseph, the company’s CFO and Treasurer. SEC filings show that Del Preto Joseph sold 1,500 shares of the company’s common stock on Nov 04 ’24 at a price of $27.63 per share for a total of $41439.0. Following the sale, the insider now owns 0.16 million shares.
Sprout Social Inc disclosed in a document filed with the SEC on Oct 07 ’24 that Del Preto Joseph (CFO and Treasurer) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Oct 07 ’24 and was made at $28.27 per share for $42411.0. Following the transaction, the insider now directly holds 0.16 million shares of the SPT stock.
Still, SEC filings show that on Oct 07 ’24, Howard Justyn Russell (Executive Chair) disposed off 20,000 shares at an average price of $28.23 for $0.56 million. The insider now directly holds 7,417 shares of Sprout Social Inc (SPT).
